Legal Mgr-Collections

Job Title:

Legal Manager - Collections

Job Details:

Business Unit: Collections

Team: RPM- Legal

Reports to: Area Legal Manager

Location: Within the state

Job Function: Legal

Role Type: Individual Contributor

Direct Reportees: Nil

Travel Required: Moderate

Job Band Range: E1 – E4

JD Created/Updated Date: 14.02.2019

Job Purpose:

Safeguard organizational interests through legal means.

Provide legal assistance to the collection department for debt recovery from delinquent customers.

Represent the bank in all legal matters with Power of Attorney (POA).

Job Responsibilities:

Litigation Management:

Timely filing of legal cases as per policy.

Ensure presence in all court matters and zero dismissal of cases for default.

Issue statutory and reply notices within Turnaround Time (TAT).

Data Management:

Update legal case status in the legal module.

Maintain accurate MIS and reports on activities (stage and date wise).

Capture recovery, cost, and share data by the 10th of each month in the prescribed format/legal module.

Risk Management:

Effectively and timely manage cases filed against the bank and staff in judiciary, quasi-judiciary, and law enforcement agencies.

Coordinate with internal staff for necessary information for court proceedings.

Defend matters suitably in courts, ensuring appropriate addressing and keeping the function updated on developments to reduce risk exposure.

Vendor Management:

Review cases handled with legal vendors monthly.

Update on developments and ensure bills for services rendered are raised by the 10th of the immediate month with supporting documents.

Ensure allocated cases are properly represented and matters are led appropriately.

Educational Qualifications:

Graduation in Law

Key Skills:

Banking Product & Process Knowledge

Good Communication skills (English and Local language)

Knowledge of Current legal/recovery trends in the financial industry

Knowledge on recovery-related laws

Familiarity with local court processes

MS Word, Excel, PowerPoint proficiency

Experience Required:

Minimum 1-3 years of experience

Exposure to banking/NBFCs preferable

Major Stakeholders:

Customers

Collections

Operations

Business (retail assets)

RIC